TMD(SZ:000762)2014-07-31 16:00Financial Performance - The company achieved total operating revenue of CNY 242,291,820.69, an increase of 13.30% compared to the same period last year[19]. - The net profit attributable to shareholders was CNY -17,084,940.94, a decrease of 180.29% year-on-year[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -22,946,333.78, a decline of 211.22% compared to the previous year[19]. - The basic earnings per share were CNY -0.0359, down 180.31% year-on-year[19]. - The company reported a net loss of CNY 21,636,672.22, compared to a net profit of CNY 17,775,799.75 in the previous period[120]. - The net profit for the period is CNY -21,636,672.22, reflecting a significant loss compared to the previous year's profit[132]. Assets and Liabilities - The company's total assets reached CNY 3,318,008,253.90, reflecting a growth of 28.06% from the end of the previous year[19]. - The total assets increased from CNY 2,590,986,215.12 at the beginning of the period to CNY 3,318,008,253.90 at the end, representing a growth of approximately 28.1%[115]. - Total liabilities increased from CNY 486,108,045.38 to CNY 1,250,118,236.40, which is an increase of approximately 157.5%[114]. - The company's total liabilities reached CNY 1,011,351,552.83, compared to CNY 392,434,775.55 in the previous period, indicating a growth of 157.9%[118]. - The total current liabilities increased significantly from CNY 450,848,045.38 to CNY 1,203,388,236.40, an increase of approximately 166.5%[114]. Cash Flow - The company reported a negative cash flow from operating activities of CNY -5,268,701.55, an improvement from CNY -85,807,692.82 in the previous year[19]. - The net cash flow from operating activities improved to -$5.27 million from -$85.81 million, driven by increased sales receipts and reduced purchase payments[29]. - The net cash flow from financing activities surged by 352.86% to $201.00 million, mainly due to increased bank borrowings[29]. - The cash inflow from operating activities was 349,198,458.84 CNY, an increase from 309,315,930.29 CNY in the previous period[126]. - The company received 938,690,000.00 CNY in borrowings, a significant rise from 53,000,000.00 CNY in the previous period[127]. Investments and Projects - The total amount of raised funds is CNY 117,415.64 million, with CNY 798.48 million invested during the reporting period[44]. - The investment progress for the Zhabuye Phase I technical renovation project is 100%, with a total commitment of CNY 8,587.95 million[47]. - The Zhabuye Salt Lake Phase II project has only achieved 7.92% of its investment progress, with CNY 2,687.31 million invested out of CNY 33,910.45 million committed[47]. - The company plans to optimize existing processes for the Zhabuye Salt Lake Phase II project based on the first phase's summary[48]. - The company is actively collaborating with domestic institutions to optimize the existing processes for the Nimu Copper Mine project[48]. Subsidiaries Performance - The company reported a total revenue of 11,049,486.80 CNY, with a net loss of 8,192,392.63 CNY for the subsidiary Tibet Zhabuye Lithium Industry[52]. - Tibet Shanfang Industrial Co., Ltd. generated a revenue of 189,400.00 CNY, resulting in a net loss of 1,048,866.29 CNY[52]. - The subsidiary Tibet Nimu Copper Development Co., Ltd. reported a revenue of 9,220,911.40 CNY, with a net profit of 889,119.45 CNY[52]. Shareholder Information - The total number of shares after the recent changes is 475,974,877, with 97.66% being unrestricted shares[96]. - The largest shareholder, Tibet Mining Development Company, holds 17.69% of the shares, amounting to 84,212,240 shares, with 53,050,000 shares pledged[99]. - The total number of shareholders at the end of the reporting period was 61,125[98]. - The company did not implement any share repurchase agreements during the reporting period[102]. Compliance and Governance - The company has not engaged in any major non-public fundraising investment projects during the reporting period[53]. - There were no significant litigation or arbitration matters during the reporting period[62]. - The company has not faced any penalties or rectification issues during the reporting period[84]. - The company is in compliance with commitments made to avoid competition and regulate related transactions[83]. Accounting Policies - The financial statements of the group are prepared based on the going concern assumption and comply with the requirements of the Enterprise Accounting Standards, reflecting the group's financial position, operating results, and cash flows accurately[146]. - Cash and cash equivalents are defined as cash on hand and deposits that are readily available for payment, with cash equivalents having a maturity of no more than three months[152]. - The company recognizes revenue from sales when the significant risks and rewards of ownership have transferred to the buyer, and the amount can be reliably measured[197].